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US President-elect Donald Trump's nominee to be Treasury Secretary, Scott Bessent, arrives for a meeting with Sen. Mike Crapo (R-ID) in the Dirksen Senate Office Building on December 10, 2024, in Washington, DC. Kevin Dietsch / AFP

The great-man theory of Wall Street

Why finance is still dominated by bold individuals

The Economist 13 January 2025
Al Majalla

Bunker-busting bombs could also be targeting Hezbollah cash reserves

Israel is not only targeting Hezbollah leaders and weapons but also its finances, those who run them, and access to foreign currency, piling pressure on its supporters in Lebanon's cash-based economy

Toufic Chanbour 05 October 2024
While there are plenty of instances of zombie banks around the world, Lebanon stands out as the most extreme example of deliberate negligence and procrastination in banking reform Eduardo Ramon

'Zombie' banks rise from deathly grip of financial corruption

While there are plenty of instances of zombie banks around the world, Lebanon stands out as the most extreme example of deliberate negligence and procrastination in banking reform

Toufic Chanbour 27 March 2024
Lebanon's cash economy and money laundering have come under increased scrutiny. The banking sector is under intense pressure to comply or face serious consequences. Ewan White

What did a US probe into money laundering in Lebanon find?

Lebanon's cash economy and money laundering have come under increased scrutiny. The banking sector is under intense pressure to comply or face serious consequences.

Salwa Baalbaki 26 March 2024
Posters published by depositors’ rights groups in Beirut, showing pictures of bank owners and chairmen in the form of 'Wanted' posters on 8 March 2024. AP

Joined at the hip: Lebanon’s bankers and politicians dig in

A new draft law designed to help reform banking in Lebanon and address distrust in the sector is full of loopholes—handy for those who might benefit. Meanwhile, the conflicts of interest remain.

Toufic Chanbour 13 March 2024
Apple has clearly succeeded in penetrating traditional banking services, forging a new future for the sector. Al Majalla explains why banks and other financial service providers should be worried. Nicola Ferrarese

Apple charts the future of banking

Apple has clearly succeeded in penetrating traditional banking services, forging a new future for the sector. Al Majalla explains why banks and other financial service providers should be worried.

Khaled Kassar 23 June 2023

The War and the International Monetary System

As seen with Russia, the exclusion from the world monetary system seems to be a favorite choice of western countries to combat hostile powers. In the past months, US, UK and EU announced the removal…

Saif Al Abri 08 April 2022
Saudi Finance Minister Mohammed al-Jadaan speaks during the Financial Sector Conference held in Saudi Arabia's capital Riyadh on April 24, 2019.  The event was organized by the government bodies overseeing the implementation of the Financial Sector Development Program. (FAYEZ NURELDINE/AFP via Getty Images)

Saudi Arabia Boosts Banking Industry

Standard Chartered Bank, a British banking and financial services company founded in 1969, started operation of its first branch in Riyadh, Saudi Arabia, around the middle of last May. The Saudi…

Motasem Al Felou 30 July 2021
  • Popular
  • Editor's Pick
Sara Padovan
Politics

The flaw in Trump’s 'dealmaking' Middle East peace plan

16 October 2025

Rushed deals and a disregard for root problems provide a flimsy foundation for sustainable peace  

Abdullah F. Alrebh
Peter Reynolds
Business & Economy

The fight for resources could determine who 'wins' the war in Sudan

17 October 2025

The army and the RSF rely on the assets at their disposal to sustain governance and fund their war efforts, while trying to win over the international community by seizing larger swathes of Sudan

Sharif Mohammad
Russian President Vladimir Putin and Syrian interim president Ahmed al-Sharaa hold a meeting at the Grand Kremlin Palace in Moscow on October 15, 2025. Alexander Zemlianichenko / AFP
Politics

Unpacking Sharaa's diplomatic overture to Putin

16 October 2025

In Moscow, Syria's new president said he wants to restore and redefine relations with Russia—a former foe. But is this a genuine olive branch or a message to Washington?

Samer Elias
Israeli singer Yuval Raphael parades with the Israeli flag during the dress rehearsal for the final of the Eurovision Song Contest 2025 at the St. Jakobshalle arena in Basel on May 16, 2025. Fabrice COFFRINI / AFP)
Culture & Social Affairs

Cultural boycotts: the double standards that expose Western hypocrisy

16 October 2025

The international community's contradictory responses to Ukraine and Gaza lay bare the farce of a supposed rules-based global order

Sawsan Jamil Hasan
Opinion

Gaza truce rests on Trump's ability to restrain Netanyahu

16 October 2025

The Israeli premier's uncompromising attitude threatens the fragile ceasefire that the US president has worked so hard to secure

Con Coughlin

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OPINIONS

Global debt on track to surpass historic highs

Al Majalla - London
Al Majalla - London

Will Trump's stablecoin push keep the US dollar king?

Toufic Chanbour
Toufic Chanbour

Gen Z is taking to the barricades

Christian Caryl
Christian Caryl

Northern Cyprus election comes with serious implications

Omer Onhon
Omer Onhon
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